3 ms·
It’s really hard to draw any conclusions about the 1940’s to 70’s “golden age”, since during this time, the US was the only intact industrial power in the world
by woah 6y ago
It’s really hard to draw any conclusions about the 1940’s to 70’s “golden age”, since during this time, the US was the only intact industrial power in the world. Of course this was very profitable, and it was a situation in which American workers had a lot of power. It’s unclear whether taxes had much to do with anything at all.
- r00fus 6y agoWell considering, in the past, the the only way to wage war was to pay for it with increased taxes (ie, prior to deficit spending). So high taxes and being the only industrial power are correlated due to the US winning the war.